Question: I'm having a hard time figuring out the formula for question 4. of this document. In my spreadsheet, I have the cost and total sales

I'm having a hard time figuring out the formula for question 4. of this document. In my spreadsheet, I have the cost and total sales for the year. It's given that the profit margin for each item is .05 and Mary buys from the lowest cost supplier.

The closest I've come is

=(sales*.05)-sales / 52

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!